The Boston Beer Company, Inc. (NYSE:SAM) Holdings Lifted by CNB Bank

CNB Bank boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 17.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 713 shares of the company’s stock after buying an additional 106 shares during the quarter. CNB Bank’s holdings in Boston Beer were worth $246,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Covestor Ltd boosted its stake in Boston Beer by 88.4% during the third quarter. Covestor Ltd now owns 81 shares of the company’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Boston Beer during the second quarter valued at about $32,000. First Command Advisory Services Inc. bought a new position in Boston Beer during the third quarter valued at about $56,000. DekaBank Deutsche Girozentrale bought a new position in Boston Beer during the third quarter valued at about $59,000. Finally, Lazard Asset Management LLC bought a new position in Boston Beer during the third quarter valued at about $60,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Performance

Shares of Boston Beer stock traded up $2.11 during trading on Friday, hitting $286.98. 136,310 shares of the stock traded hands, compared to its average volume of 126,886. The stock has a market cap of $3.45 billion, a P/E ratio of 46.29, a PEG ratio of 1.16 and a beta of 1.02. The Boston Beer Company, Inc. has a twelve month low of $274.78 and a twelve month high of $395.52. The company has a fifty day moving average price of $310.43 and a two-hundred day moving average price of $336.40.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($1.27). The firm had revenue of $393.72 million for the quarter, compared to analyst estimates of $413.57 million. Boston Beer had a net margin of 3.61% and a return on equity of 8.13%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.93) earnings per share. On average, equities research analysts expect that The Boston Beer Company, Inc. will post 9.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SAM shares. The Goldman Sachs Group reduced their target price on Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a report on Tuesday, April 9th. UBS Group reduced their target price on Boston Beer from $390.00 to $355.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Sanford C. Bernstein raised Boston Beer from an “underperform” rating to a “market perform” rating and upped their target price for the company from $280.00 to $335.00 in a report on Tuesday, January 16th. Morgan Stanley reduced their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a report on Wednesday, February 28th. Finally, Citigroup reduced their target price on Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $334.86.

Insider Activity at Boston Beer

In related news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the transaction, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Boston Beer news, insider Carolyn L. O’boyle sold 102 shares of Boston Beer stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total value of $35,773.44. Following the transaction, the insider now directly owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the transaction, the insider now directly owns 7,029 shares in the company, valued at $2,133,231.21. The disclosure for this sale can be found here. 23.30% of the stock is owned by company insiders.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.